New York A01643 would create an air rights database to record transfers of unused development rights.
New York A01643 authorizes the commissioner of the New York city department of finance to create an air rights database. This database will record transfers of unused development rights, including the date of the transaction, square footage of air rights transferred, any consideration exchanged, and the physical addresses of the properties involved. The database will also include the identities of the buyer and seller, as well as their legal addresses and other relevant contact information.
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